The Ivory Spires of the SPLC “Poverty Palace”
Excerpt: SPLC tax forms from 2014 reveal that in one year, the 501(c)3 nonprofit transferred nearly $5.5 million to multiple bank accounts in the Cayman Islands, the British Virgin Islands, and Bermuda. The bulk of these financial transfers occurred on March 1, 2015, in which two separate transfers were made to two accounts at the same address in Canana Bay, Cayman Islands. ... The SPLC pays its staff surprisingly well. In 2015, the organization spent $20 million on salaries, but only spent $61,000 on legal services. This, despite boasting of a staff of 75 lawyers for the purpose of litigating on behalf of “children’s rights, economic justice, immigrant justice, LGBT rights, and criminal justice reform.” The minimum it paid officers, directors, trustees, or key employees, in base salary in 2015 was $140,000—this in Alabama, a state where the mean salary for religious and education directors (which includes private school principals) was $40,820 in 2015. SPLC president and CEO Richard Cohen was paid $346,218 in base compensation, while SPLC founder and chief trial counsel Morris Dees earned $329,560 in compensation, and $42,000 in additional reportable non-taxable benefits.